5. Unless you need to edit, it's safer to stay in Protected View. Fall 2020 Question One (35 points) Avatar Co. makes and sells two types of products, Product A and Product B. Data concerning these products are as follows: Units sold Unit selling price Variable cost per unit Annual fixed expenses are $35,000. Product A Product B 10,000 80,000 $40 $25 25 201 A. Compute the weighted average contribution margin/unit. (15 Points) Calculation Final answer B. Compute the break-even point in units. (10 Points) Calculation Final answer C. How many fans of each type must be sold to earn a target profit of $8,400. Calculation (10 Points) Final answer ASSIGNMENT 3 (Group)-Fall 2020 Page 2 of 3 Enable Question Two (65 Points) The following data relate to Jupiter Company, a new corporation. During the first year, the company produced 120,000 units and sold 100,000 units: Required Selling Price (per unit) Direct materials used (per unit) Direct labor (per unit) Variable manufacturing overhead (per unit) Fixed manufacturing overhead (total) Selling and administrative expenses: Variable (per unit) Fixed (total) $120 $50 10 5 30,000 1 166,000 A. Compute the product cost under absorption costing and variable costing systems. B. Prepare the income statement using the variable-costing system. (25 Points) (40 Points)